Thank you
Xio Sandoval
CENTURY 21 REALTY MASTERS
323-722-7300
THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021. Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit boasts the pinnacle of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves, and dishwashers, enhances the living experience for residents. Additionally, there is plenty of parking for all units with a combination of attached 1 car garages and surface parking lot spaces. Each unit offers a generous layout with a combination of four- & three-bedroom units, accommodating various tenant needs and preferences. Whether it's families seeking spacious living or professionals desiring roomy accommodations, these units cater to a diverse range of renters. With its modern amenities, thoughtful design, and full occupancy, this investment property presents a compelling opportunity for investors looking to capitalize on a thriving rental market at a true 6.47 cap rate. Don't miss out on the chance to secure a lucrative investment in the ultra-hot NOHO neighborhood. Make this property your 1031 exchange transaction.
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Water Source : Private
Sewer : Public Sewer
Year Built: 2021
Building Area Total: 8,057
None
Inside,Stacked
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1815
Lot Size Source: Assessor
Lot Size Square Feet: 7904
Original List Price: 3,189,000
Listing Contract Date: 2024-04-08
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2321016017
Garage Description: Direct Access,Driveway,Garage
Lease Term: Negotiable
Tenant Pays: All Utilities
Source Listing Status: Active
Source Neighborhood: NHO - North Hollywood
Postal Code Plus 4: 6027
Directions: Online directions
Zoning: LARD1.5
Source Property Type: Residential Income
Area: NHO - North Hollywood
Property SubType: Apartment
Property Age: 3
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 4
Entry Location: ground level
Levels or Stories: One,Three Or More
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6944 Radford Avenue, North Hollywood, CA,91605 | $1,498,000 | 4 | 3 | 2,420 | 9000 Sqft |
11813 Runnymede Street .., North Hollywood, CA,91605 | $225,000 | 1 | 1 | 750 | 103238 Sqft |
12140 Hart Street, North Hollywood, CA,91605 | $1,199,000 | -- | -- | -- | 6996 Sqft |
12140 Hart Street, North Hollywood, CA,91605 | $1,199,000 | -- | -- | -- | 6996 Sqft |
12007 Saticoy Street, North Hollywood, CA,91605 | $1,100,000 | 4 | 3 | 1,778 | 5925 Sqft |
6827 Radford Avenue, North Hollywood, CA,91605 | $1,299,000 | -- | -- | 4,081 | 7944 Sqft |
6904 Radford Avenue, North Hollywood, CA,91605 | $479,000 | 2 | 2 | 988 | 7871 Sqft |
12429 Burton Street, North Hollywood, CA,91605 | $1,299,950 | 4 | 3 | 2,092 | 7573 Sqft |
13125 Strathern Street, North Hollywood, CA,91605 | $1,090,000 | 5 | 2 | 2,169 | 7202 Sqft |
6860 Gentry Avenue, North Hollywood, CA,91605 | $2,800,000 | 8 | 6 | 6,329 | 6772 Sqft |
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ByOwner last updated this listing 05/07/2024 @ 07:48
MLS: MB24069695
LISTED BY: XIO SANDOVAL, CENTURY 21 REALTY MASTERS
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.